Overview
- BTC trades in the mid‑$90,000 range after a two‑month high near $97,500, with buyers defending the ~$94,000 support area.
- On‑chain data show short‑term holders sent profit‑making transfers to exchanges totaling about 41,800 BTC, highlighting active distribution during the bounce.
- Santiment reports exchange balances near a seven‑month low of roughly 1.18 million BTC alongside a recent net decline of 47,244 holders, suggesting thinner listed supply and weaker retail presence.
- Derivatives flows turned supportive as Bitcoin Net Taker Volume flipped positive with more than $39 million in buy‑side futures activity, though spot demand remains tentative.
- Traders are watching a reclaim of $98,000 and the short‑term holder realized price around $102,000 to confirm momentum, with follow‑up targets discussed near $106,000–$110,000 if resistance breaks.